Richa Industries Announces First Quarter 2015 Financial Results
Richa Industries Limited, a leading Construction & Engineering company has announced its financial results for the first quarter ended June 30, 2015.
- (1888PressRelease) August 18, 2015 - New Delhi : Net Sales increased by 7% from last quarter ended as on 31.03.2015
Profit before tax (PBT) increased by 13% from last quarter ended on 31.03.15
Net sales of Richa Industries Limited increased by 7% to Rs. 129.30 crores from Rs. 120.66 crores in comparison to last quarter as on March 31, 2015 whereas the net sales increased by 160% in comparison to Rs. 49.71 crores during the same period of financial year 2014-2015.
Profit before tax (PBT) increased by 11% to Rs. 4 crores from 3.59 crores in comparison to last quarter ended on March 31, 2015 whereas the PBT increased by 85% in comparison to Rs.2.15 crores during the same period of financial year 2014-2015.
Richa Industries Limited reported first quarter financial year 2015-2016 diluted earnings per share from continuing operations (EPS) of Rs. 1.48, compared to last year's EPS of Rs. 0.77.
Dr. Sandeep Gupta, Joint Managing Director, Richa Industries Limited said, "We are delighted to say that we had good results for first quarter. Our profits are up due to our strategic focus on increasing production capacity and optimum utilization of our resources. We implemented cost saving methods that contributed to the improvement. Our focus will remain same for next quarter on securing orders from Government and infrastructure segments form Railways and Power sector etc."
About Richa Industries Limited
Richa Industries Limited is a leading Construction & Engineering Company in India operational in Pre Engineered Building (PEB), Structural Steel, Turnkey & Textile sectors. Since 1993, Richa has carved a strong image by living up to its commitment of providing innovative, finest quality, cost effective and faster completion of project solutions to its clients. An ISO 9001:2008 certified Company, Richa Industries is listed in Bombay Stock Exchange (BSE). Richa is the first Indian PEB company to get the internationally recognized OHSAS 18001:2007 Certification by IRQS. Rapidly growing, Richa has accomplished more than 400 projects in a record time on an average of delivering one building in every five days.
Richa has set up its Corporate cum registered office in Faridabad, Haryana and has its fully operational state-of-the-art PEB manufacturing plant in Kashipur in Uttarakhand and Textile manufacturing plant in Kawnra (Faridabad) in Haryana.
For more information, kindly contact:
Ms.Richa Gaur
Corporate Communication
Plot No-29, DLF Industrial Area, Ph-II,
Faridabad, Haryana, India - 121003
Disclaimer:
The purpose of this release is to provide Shareholders and potential investors with general information about the Richa Industries. The information is provided for quick reference only. It does not support to include every item, which may be of interest, nor does it purport to present full and fair disclosure with respect to any Richa Industries businesses within the meaning of applicable securities laws. This information includes certain statements and estimates provided by the Company with respect to the projected future performance of the Company. Such statements, estimates and projections reflect various assumptions by management concerning possible anticipated results, which assumptions may or may not be correct. No representations are made as the accuracy of such statements, estimates or projections. Richa Industries undertakes no obligation to publicly revise any forward looking statements to reflect future or any likely events.
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